Packers report solid year financially

The Packers reported a $68.6 million operating profit for the fiscal year ending March 31, 2023, in their annual financial report released Wednesday, according to a report from Packers.com.

That’s a roughly 12% decrease from the prior year’s $77.7 million profit, but an indication the organization remains on solid financial ground despite a season that fell short of expectations.

According to the report, total revenue increased more than 5%, to $610.3 million, with most of that boost coming in national revenue due to both new NFL broadcast contracts and built-in increases in the league’s existing deals.